KorinMi Raises ₹3 Crore, Turns Profitable, Expands D2C & Clinics
India’s first Korean skin clinic, KorinMi, has made significant strides in the beauty and wellness industry. The company has recently raised a pre-seed funding round of ₹3 crore from esteemed investors such as Vikas Agarwal, ex-CEO of Kaya UAE, Vivek Kumar of Venture Garage, and others. This funding will enable KorinMi to expand its operations, increase its reach, and further solidify its position in the market.
Founded in 2024, KorinMi has been making waves in the beauty and wellness industry with its unique blend of Korean technology and Indian skin needs. The company’s mission is to provide high-quality skincare solutions to Indian consumers, leveraging the expertise of Korean skincare technology. With its focus on delivering exceptional results, KorinMi has managed to build a loyal customer base and establish itself as a trusted brand in the industry.
One of the most impressive feats of KorinMi is its ability to turn profitable within just six months of its inception. This is a testament to the company’s efficient operations, effective marketing strategies, and commitment to delivering high-quality services. KorinMi’s profitability has given it the financial flexibility to invest in its growth and expansion plans.
Expansion Plans
KorinMi has big plans for expansion, with a goal to open 25 more clinics across India. The company has already established two successful clinics in the country, and with this funding, it plans to scale its operations and increase its reach. KorinMi’s expansion plans will not only create new job opportunities but also provide Indian consumers with easier access to high-quality skincare solutions.
In addition to its clinic expansion plans, KorinMi is also entering the Direct-to-Consumer (D2C) space. The company has developed a range of professional Korean skincare products that are designed specifically for Indian skin types. KorinMi’s D2C platform will enable consumers to purchase these products online, making it convenient for them to access Korean skincare solutions from the comfort of their own homes.
What Sets KorinMi Apart
KorinMi’s unique blend of Korean technology and Indian skin needs sets it apart from other beauty and wellness brands in the country. The company’s products and services are designed to cater specifically to Indian skin types, which are often different from those in other parts of the world. KorinMi’s expertise in understanding Indian skin needs has enabled it to develop products that are tailored to address specific skin concerns, such as hyperpigmentation, acne, and dullness.
KorinMi’s commitment to quality and customer satisfaction is another factor that sets it apart from other brands. The company’s products are made with high-quality ingredients and are rigorously tested to ensure their safety and effectiveness. KorinMi’s customer-centric approach has earned it a loyal customer base, with many customers raving about the company’s products and services on social media.
Conclusion
KorinMi’s recent pre-seed funding round of ₹3 crore is a testament to the company’s potential for growth and expansion. With its focus on delivering high-quality skincare solutions and its commitment to customer satisfaction, KorinMi is well-positioned to become a leading player in the beauty and wellness industry in India.
As the company continues to expand its operations and increase its reach, it will be interesting to see how KorinMi leverages its unique blend of Korean technology and Indian skin needs to stay ahead of the competition. With its D2C platform and clinic expansion plans, KorinMi is poised to make a significant impact in the beauty and wellness industry in India.
Source: https://startuptalky.com/news/korinmi-raised-pre-seed-funding-round/
